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SKYCITY Entertainment Group Limited ( (SKYZF) ) has issued an update.
SkyCity Entertainment Group Limited has successfully completed its Retail Entitlement Offer, raising a total of NZ$240 million through a fully underwritten institutional placement and entitlement offer. The funds raised include approximately NZ$195 million from the institutional component and NZ$45 million from the retail component. Eligible retail shareholders subscribed for approximately NZ$15 million in new shares, with a 33% effective take-up rate. The remaining NZ$30 million in new shares were allocated to sub-underwriters, including existing institutional shareholders. The new shares are expected to commence trading on the NZX Main Board and ASX in mid-September 2025, and they will rank equally with existing ordinary shares.
More about SKYCITY Entertainment Group Limited
SkyCity Entertainment Group Limited operates in the entertainment and hospitality industry, primarily offering casino and gaming services, hotels, restaurants, and bars. The company focuses on providing leisure and entertainment experiences across its properties in New Zealand and Australia.
For a thorough assessment of SKYZF stock, go to TipRanks’ Stock Analysis page.